The Broadstone Promenade—formerly dubbed the Inkwell when the project was entitled nearly three years ago—has seen a subtle shift in ownership but construction remains on-course to complete the 189-unit project within two years.
And perhaps most significantly, formally completes the Downtown’s Promenade project by eradicating it of its last surface lot that felt massively incongruent the more and more the Promenade became activated by parks, restaurants, and public art.
Initially headed by Raintree-Evergreen LLC, the same development company handling the Aster project at the southwest corner of Broadway and Long Beach Boulevard, the project was handed to Alliance Residential in late 2019.
According to Alliance’s director of design, Jonas Bronk, the building takes inspiration from “the unique culture formed around the intersection of urban life and ocean influence.”
The massive, eight-story structure is a podium-style building—also known as platform- or pedestal-buildings—where a “podium,” typically made of concrete or steel, is built into the ground with light wood frames constructing the stories atop it.
In this case, the Broadstone Promenade will have four stories of concrete—three subterranean parking levels that will give the project 268 parking stalls and 40 bike stalls along with its 10,000 square-feet of street-level retail—with seven stories of wood framing above that.
Those seven stories will host 189 market-rate residential units, non of which will be marked for affordable housing since the project was entitled before Long Beach passed its inclusionary ordinance.
All renderings above courtesy of Raintree.
There will be 28 studios, ranging in square footage from 470 to 580; 106 one-bedroom apartments, ranging in square footage from 700 to 907, the larger of the units featuring separate dens; 52 two-bedroom apartments, ranging in square footage from 862 to 1,221, the smallest having one bathroom instead of two; and three three-bedroom apartments, all at 1,080 square feet.
